Per the WHL's website, Red Wings prospect Landon Ferraro's troubled tenure with the Red Deer Rebels has come to an end:

View full sizeAP File PhotoLandon Ferraro was selected by the Detroit Red Wings with the 32nd overall pick in the 2009 draft.

July 26, WHL.ca: Everett Silvertips Vice President / General Manager Doug Soetaert
announced Monday that the club has acquired center / right wing Landon
Ferraro and a conditional fifth round draft pick in 2012 from the Red
Deer Rebels in exchange for center Byron Froese and a third round draft
pick in 2012.

Ferraro, 19, was selected in the second round, 32nd
overall, in the 2009 NHL Entry Draft by the Detroit Red Wings. Standing
6’0 and weighing 171 pounds, the Trail, BC native has accumulated 125
points on 66 goals and 59 assists in 179 WHL games. He was a participant
in the 2009 CHL Home Hardware Top Prospects Game, earning the fastest
skater award at the skills competition. In 53 games with Red Deer last
season, Ferraro recorded 46 points on 16 goals and 30 assists,
ultimately appearing in two games with the AHL’s Grand Rapids Griffins
at the conclusion of the season. His career high in goals is 37, set
during the 2008-09 Rebels campaign.

“We’re happy to add Landon to
our organization and lineup,” Soetaert said. “Obviously he has the
potential and ability to score big goals while working hard at both ends
of the ice. We believe that we have additional options with his ability
to play center and right wing equally well, and we’re looking forward
to him having a breakout season.”

The Everett Herald's Nick Patterson analyzes the deal thusly:

July 26, Everett Herald: Ferraro, who is entering his 19-year-old season,
is one of the most talented players in the WHL. The 6-foot, 171-pound
native of Vancouver, B.C., was the second overall pick in the 2006
bantam draft and was taken in the second round (32nd overall) by Detroit
in the 2009 NHL draft. Ferraro also has good bloodlines. He's the son
of former NHL player Ray Ferraro. But for all his talent, Ferraro
has yet to realize his full potential in the WHL. He scored 37 goals in
68 games in 2008-09, but during an injury-plagued 2009-10 slumped to 16
goals and 30 assists in 53 games. Ferraro also didn't see eye-to-eye
with Rebels coach Jesse Wallin, and he stated publicly that he did not
expect to be back with Red Deer for the upcoming season.

The Tips
surrendered a lot to acquire Ferraro. Froese, who's also entering his
19-year-old season, has been one of Everett's top players the past two
seasons. Last season he had 29 goals and 32 assists in 70 games, and he
was a fourth-round pick by Chicago in the 2009 NHL draft. He was also
the pivotman on Everett's former "Kid Line," which consisted of Froese,
Kellan Tochkin and Tyler Maxwell.

Ferraro was probably the most
coveted name on the WHL trade market this summer, so the Tips
undoubtedly had competition in acquiring his rights. Ferraro should help
replace some of the offensive skill that departed with the graduation
of Shane Harper. Ferraro also plays center, so the depth chart remains
intact.

The Red Deer Advocate, on the other hand, looks at Ferraro's troubled last season in Red Deer with a critical eye:

July 26, Red Deer Advocate: Landon’s 2009-2010 season ended with some controversy, as he was
scratched from the Rebels’ lineup for the team’s final playoff game — a
5-2 loss to the Saskatoon Blades, which completed a first-round sweep.

Statistically, Landon took a step
backward in his third campaign, scoring 16 goals and collecting 46
points in 53 games after sniping 37 goals as a WHL sophomore.

July 26, Small Thoughts at Large: The Rebels have resolved their Landon Ferraro problem today: they have traded him to Everett. The deal is the 19 year old Ferraro and a conditional 2012 5th round
bantam pick to the Silvertips, for 19 year old forward Byron Froese and a
2012 3rd round bantam pick. (I'm guessing the Silvertips get the 2012
5th rounder if Froese plays for Red Deer as an overager in 2011-12.)

It's not a bad deal for Red Deer - Froese actually outscored Ferraro in
both of the last two seasons, although Ferraro played slightly fewer
games both years and probably would have outpointed Froese both years
had he stayed healthy. So the Rebels get rid of a guy who didn't want to
be there, pick up another 19 year old forward who is reasonably close
in point production, and get a 3rd round pick to make up the difference.

For their part, Everett will no doubt be looking to see Ferraro take
advantage of a fresh start by becoming the 50 goal man he likely has the
ability to be....

And Seager weighs in thusly:

July 26, Yahoo Sports: Ferraro, who was left off Canada's world junior summer evaluation
roster, is headed to a team helmed by two-time gold medal-winning coach
Craig Hartsburg. That's a nice fringe benefit.

Putting up big
numbers amid Everett's emphasis on defence (the Silvertips allowed a
WHL-low 173 goals last season) would do a lot for his stock.

Meantime,
the move suggests the Silvertips are serious about challenging the
likes of Portland and Vancouver in the WHL's Western Conference.

I'm very glad for Landon. He desperately needed a fresh start, and he'll finally get one while working under a superb coach in Hartsburg.

July 26, Everett Herald:The Tips have been after Ferraro for some time. Soetaert attempted to get Ferraro at last season's trade deadline.

Soetaert wanted Ferraro not only for his offensive ability, but also because of his willingness to play physical.

The Tips had to fend off a lot of competition from within the U.S.
Division. Red Deer chose the Everett deal because the Rebels wanted a
player in return who could contribute immediately, as opposed to
prospects.

July 27, Everett Herald:"It wasn't any one
thing, it was a bunch of little things," Ferraro said about his issues
with Red Deer. "We didn't see eye-to-eye on a couple things and I
thought the best thing to improve as a hockey player was a change. I
want to have a big year this year and I felt a change was needed."

As for his knee injury...

"I feel better (physically) than at any time last
season," Ferraro said. "The knee is feeling stronger and stronger, and
at Detroit's camp two weeks ago I had the best camp I've ever had. My
confidence is back up and everything is looking good for a strong
season."

Silvertips GM Doug Soetart had this to say about acquiring Ferraro:

"Landon's going to make us a harder team to play
against," Everett general manager Doug Soetaert said. "He's physical and
he scores goals. We did a lot of homework on him and we expect him to
break out this year. A change of environment can be good, and he's a
high-end player who can be a gamebreaker."

Taking Note's Greg Drinnan also offers this take from Kelowna, noting that most pundits expected Ferraro to join the Vancouver Giants:

July 26, Taking Note: Since the end of the season, there had been ample speculation concerning
Ferraro’s future, almost all of it having him end up with the Vancouver
Giants. The fact that he didn’t will be good news for teams in the B.C.
Division. Had Ferraro ended up in Vancouver, they would have been
looking at facing him at least 10 times in the regular season. With
Everett, it’ll be four times.In 2008-09, Ferraro finished with 55 points, 37 of them goals, in 68 games. The
son of former WHLer Ray Ferraro, who still holds the WHL record for
most goals in one season (108, 1983-84, Brandon Wheat Kings), Landon was
taken by Red Deer with the second overall pick of the 2006 bantam
draft.

“We’re happy to add Landon to our organization and lineup,”
Everett general manager Doug Soetaert said in a news release.
“Obviously, he has the potential and ability to score big goals while
working hard at both ends of the ice. We believe that we have additional
options with his ability to play centre and right wing equally well,
and we’re looking forward to him having a breakout season.”

The
Silvertips are rolling the dice on Ferraro, hoping a change of scenery
will get him going. Froese, who was a listed player originally, actually
had better numbers than did Ferraro last season. Froese totalled 118
points in 142 games with Everett. Last season, his second with the
Silvertips, he had 61 points, including 29 goals, in 70 games.